This Business News Story Was Uncovered By Us From: https://www.youngadultmoney.com/student-loan-refinance-guide/
This selected industry related news Article, was chosen specifically by Marcus lee, who is one of our undercover online business News flash reporters – will provide you further insight in how these points of views could be decoded into your own business Launchs.
There’s no denying that student loan refinancing has become incredibly popular the past few years.
With companies like SoFi receiving hundreds of millions – or in the case of SoFi, $2 billion – in funding, investors and existing companies are seeing student loan refinancing as a big opportunity.
And why not? Student loan refinancing presents a potential win-win for lenders and borrowers. Borrowers have student loan debt at a certain interest rate. The lender is able to take that debt and offer it at a lower interest rate. The borrower saves hundreds or thousands on interest payments, and the lender is able to use the debt in new or existing products.
Get up to a $750* cash bonus when you refinance through a lender on Credible using our link.
Credible offers rate quotes from multiple lenders at once, including SoFi, Citizens Bank, College Ave, and more.
*$750 when you refinance > 100k, $300 below 100k; must not previously received quote from lender with your email to receive bonus
But there are drawbacks to student loan refinancing, at least for borrowers. Let’s go over a couple of them.
Refinancing federal student loans causes you to lose federal benefits
If you refinance federal student loans, you are creating a new, privately-held, loan. The federal loans you have cease to exi… Read More
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